2020-08-10 07:46:26 PRTK Paratek Pharmaceuticals
08/10/20 08/1007:46 08/10/2007:46 | Paratek Pharmaceuticals expects cash to fund operations through end of 2023The Company now anticipates the initial BARDA procurement of 2,500 anthrax treatment courses valued at approximately $38 million to occur by the end of 2020 contingent on the completion of the pre-EUA application review by FDA. 2020 R&D and SG&A expense is now expected to be approximately $135 million compared to the prior guidance of $140 million, driven by an increased focus on operational efficiencies and other favorability driven by the COVID-19 pandemic. Excluding the BARDA R&D and onshoring cost reimbursement, R&D and SG&A expense is expected to be modestly lower when compared to 2019. Based upon our current operating plan, which includes estimated NUZYRA U.S. product revenue and cost reimbursement under the BARDA contract, we anticipate that our existing cash, cash equivalents and marketable securities of $186.8 million, as of June 30, 2020, provide for a cash runway through the end of 2023 with a pathway to cash flow break even. This anticipated pathway assumes the Company will be able to fund all company operating expenses, anticipated capital expenditures, and debt service, including repayment in full of the Hercules Loan and Security Agreement. |
|
---|---|---|
|
Hot Stocks
| ShowHide Related Items >><<
|
Recommendations
|
IQE price target lowered to 80 GBp from 100 GBp at Deutsche Bank »
15:59 04/14/21 04/1415:59 04/14/2115:59
IQEPF
IQE
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
LVMH price target raised to EUR 531 from EUR 495 at Deutsche Bank »
15:57 04/14/21 04/1415:57 04/14/2115:57
LVMUY
LVMH
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Aixtron price target raised to EUR 25 from EUR 22 at Deutsche Bank »
15:55 04/14/21 04/1415:55 04/14/2115:55
AIXXF
Aixtron
Deutsche Bank analyst Uwe… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Affimed to hold a conference call »
15:55 04/14/21 04/1415:55 04/14/2115:55
AFMD
Affimed
Management discusses the… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Lovesac price target raised to $77 from $65 at Canaccord »
15:54 04/14/21 04/1415:54 04/14/2115:54
LOVE
Lovesac
Canaccord analyst Maria… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Deutsche Post price target raised to EUR 62 from EUR 54 at Deutsche Bank »
15:54 04/14/21 04/1415:54 04/14/2115:54
DPSGY
Deutsche Post
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
VAT Group price target raised to CHF 280 from CHF 240 at Deutsche Bank »
15:53 04/14/21 04/1415:53 04/14/2115:53
VACNY
VAT Group
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
HP Enterprise to hold a conference call »
15:52 04/14/21 04/1415:52 04/14/2115:52
HPE
HP Enterprise
Conference call to… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Thermo Fisher near deal to buy PPD for over $15B, WSJ reports »
15:51 04/14/21 04/1415:51 04/14/2115:51
PPD
PPD
Thermo Fisher
Thermo Fisher Scientific… Story temporarily locked. ShowHide Related Items >><<
|
On The Fly
|
#SocialStocks: Facebook removes 16,000 trading groups with fake product reviews »
15:50 04/14/21 04/1415:50 04/14/2115:50
TWTR
Nielsen
Apple
Snap
Sprout Social
Welcome to… ShowHide Related Items >><<
|
Recommendations
|
ASML price target raised to EUR 500 from EUR 425 at Deutsche Bank »
15:50 04/14/21 04/1415:50 04/14/2115:50
ASML
ASML
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
PPD jumps 13% after report of Thermo Fisher takeover talks
15:49 04/14/21 04/1415:49 04/14/2115:49
PPD
PPD
Thermo Fisher
ShowHide Related Items >><<
|
Recommendations
|
BE Semiconductor price target raised to EUR 72 from EUR 60 at Deutsche Bank »
15:49 04/14/21 04/1415:49 04/14/2115:49
BESIY
BE Semiconductor
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Periodicals
|
Thermo Fisher near deal to buy drug-testing company PPD for over $15B, WSJ says
15:48 04/14/21 04/1415:48 04/14/2115:48
TMO
Thermo Fisher
ShowHide Related Items >><<
|
Recommendations
|
Yara price target raised to NOK 465 from NOK 450 at UBS »
15:48 04/14/21 04/1415:48 04/14/2115:48
YARIY
Yara
UBS analyst Andrew Stott… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
ASM International price target raised to EUR 300 from EUR 250 at Deutsche Bank »
15:48 04/14/21 04/1415:48 04/14/2115:48
ASMIY
ASM International
Deutsche Bank analyst… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Wacker Chemie price target raised to EUR 140 from EUR 130 at UBS »
15:48 04/14/21 04/1415:48 04/14/2115:48
WKCMF
Wacker Chemie
UBS analyst Patrick… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Victrex price target raised to 1,830 GBp from 1,750 GBp at UBS »
15:47 04/14/21 04/1415:47 04/14/2115:47
VTXPF
Victrex
UBS analyst Andrew Stott… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Rackspace Technology to host business news update conference call »
15:47 04/14/21 04/1415:47 04/14/2115:47
RXT
Rackspace Technology
Management holds a… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
PPD trading halted, volatility trading pause
15:47 04/14/21 04/1415:47 04/14/2115:47
PPD
PPD
ShowHide Related Items >><<
|
Recommendations
|
Teleperformance price target raised to EUR 370 from EUR 340 at UBS »
15:47 04/14/21 04/1415:47 04/14/2115:47
TLPFY
Teleperformance
UBS analyst Bilal Aziz… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Symrise price target raised to EUR 121 from EUR 118 at UBS »
15:46 04/14/21 04/1415:46 04/14/2115:46
SYIEY
Symrise
UBS analyst Geoff Haire… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Schaeffler price target raised to EUR 8.50 from EUR 6.50 at Deutsche Bank »
15:46 04/14/21 04/1415:46 04/14/2115:46
SCFLF
Schaeffler
Deutsche Bank analyst Tim… Story temporarily locked. ShowHide Related Items >><<
|
Recommendations
|
Serco Group price target raised to 165 GBp from 155 GBp at UBS »
15:46 04/14/21 04/1415:46 04/14/2115:46
SECCF
Serco Group
UBS analyst Rory McKenzie… Story temporarily locked. ShowHide Related Items >><<
|